It's Time To Think Beyond Bank Deposits

Perpetual Bonds - Coupon Rate-8.50%

AA+ by CRISIL with NEGATIVE outlook and AA+ by IND-RA with STABLE outlook

Key Highlights

  • This bond can be considered for medium term Investment purpose with annual returns. Coupon is 8.5% i.e you will receive Rs. 85,000.0 annual interest for every 10 lac Investment. It has call option on 28-Jul-2025.
  • The bond issuer is of type Public Sector Bank. The Issuer raised total Rs. 981.0 Cr for this bond.
  • Use of Proceeds: Augmentation of tier-ii capital & overall capital to strengthen capital adequacy and to enhance long-term resources.
  • It is rated AA+ by CRISIL with NEGATIVE outlook and AA+ by IND-RA with STABLE outlook.

About Issuer

Bank of Baroda (BOB) is an Indian state-owned banking and financial services company founded by Maharaja Sayajirao Gaekwad III on 20 July, 1908 in Vadodara, Gujarat.

It was one of the 14 banks to be nationalized on 19 July, 1969, designated as a profit-making public sector undertaking (PSU).

The Government of India holds 64.03% of total shares in the bank.

Its financial products include:

  • Car Loans
  • Credit Cards
  • Debit Cards
  • Education Loan
  • Fixed Deposit
  • Gold Loan
  • Home Loan
  • Loan Against Property
  • Personal Loan
  • Savings Account

Over the years, BOB has merged with as many as 10 banks.

Headquarters: Vadodara, Gujarat

Number of Branches: 5,558 (Including 107 overseas branches)

Number of Employees: 52,420*

Revenue: Rs. 42,199.92 Crores*

Total Assets: Rs. 694,875.42 Crores*

The current Managing Director and CEO is Mr. P. S. Jayakumar

Awards:

  • Agricultural Banking – Large Class award in the ASSOCHAM social banking excellence awards (2017)
  • Best Public Sector Bank Award at the Dun & Bradstreet Banking Awards (2015)
NoName
1 Louis Hudson